New Zealand (NZL) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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New Zealand-Somalia Trade: In 2023, New Zealand exported $392k to Somalia. The main products that New Zealand exported to Somalia were Sawn Wood ($349k), Broadcasting Accessories ($32.4k), and Navigation Equipment ($10.3k). Over the past 5 years the exports of New Zealand to Somalia have decreased at an annualized rate of 40.6%, from $5.32M in 2018 to $392k in 2023.

In 2023, New Zealand did not export any services to Somalia.

Somalia-New Zealand Trade: In 2023, Somalia exported $5.93k to New Zealand. The main products that Somalia exported to New Zealand were Special Pharmaceuticals ($1.33k), Electrical Ignitions ($1.02k), and Broadcasting Accessories ($802). Over the past 5 years the exports of Somalia to New Zealand have decreased at an annualized rate of 35.7%, from $54.1k in 2018 to $5.93k in 2023.

In 2023, Somalia did not export any services to New Zealand.

Comparison In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $392k to Somalia. The main products exported from New Zealand to Somalia were Sawn Wood ($349k), Broadcasting Accessories ($32.4k), and Navigation Equipment ($10.3k). During the last 5 years the exports of New Zealand to Somalia have decreased at an annualized rate of 40.6%, from $5.32M in 2018 to $392k in 2023.

In 2018, Somalia exported $5.93k to New Zealand. The main products exported from Somalia to New Zealand were Special Pharmaceuticals ($1.33k), Electrical Ignitions ($1.02k), and Broadcasting Accessories ($802). During the last 5 years the exports of Somalia to New Zealand have decreased at an annualized rate of 35.7%, from $54.1k in 2023 to $5.93k in 2018.

Exports from New Zealand () to Somalia () (2023)

Exports from Somalia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Somalia ()

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Somalia
Top DestinationUnited Arab Emirates$360M

This map shows whether countries import more from New Zealand or Somalia. Each country is colored based on the difference in imports they receive from New Zealand and Somalia or the difference in the growth in imports.

In 2023, countries that imported more from New Zealand than Somalia included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

In 2023, countries that imported more from Somalia than New Zealand included Oman ($180M), Djibouti ($84.2M), and Central African Republic ($73.8k).

Difference in imports from Somalia () and New Zealand () (2023)

Comparative Advantage New Zealand - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between New Zealand and Somalia by product, considering products traded by both, New Zealand and Somalia.

During 2023, New Zealand had a large net trade with Somalia in the exports of Wood Products ($349k) and Machines ($42.8k).

During 2018, Somalia had a large net trade with New Zealand in the exports of Machines ($2.9k), Chemical Products ($1.63k), and Textiles ($919).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Somalia+$270kSawn Wood

Top Product Potential Somalia New Zealand+$9.7kNon-Knit Women's Suits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of New Zealand and Somalia. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over New Zealand.

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Somalia () (2023)

Exports from Somalia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Somalia ()

New Zealand Exports

Market Competitiveness

Difference in imports from Somalia () and New Zealand () (2023)

Comparative Advantage New Zealand - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Somalia () (2023)

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